Local News

North Hills East construction under way

Posted August 14, 2008

Map Marker  Find News Near Me

— Construction of North Hills East is under way on 45 acres along the Interstate 440 Beltline at Six Forks Road.

The development is to include shops, offices, residences and a retirement community.

Developer John Kane planned to preview the project and plans for expansion on Thursday.

Kane said about $550 million in construction is already under way on portions that include the St. Alban’s residential building, which will contain retail stores below, and the Renaissance Raleigh Hotel, a 10-story Marriott facility set to open in December. Construction is also under way on the Captrust Tower, a 17-story, mixed-use office tower expected to be completed in fall 2009.

In total, the development will create more than 1 million square feet of office space, 450,000 square feet of retail space, 1,800 residential units and 800 hotel rooms.

All projects under way have been financed, Kane said.

Last year, Kane asked the city to underwrite a parking deck for North Hills East. The tax-increment financing Kane requested would have required the city's borrowing the money, then repaying the loan with revenue generated from higher tax valuations on the project and nearby properties. The city would have paid more than $140 million over the 20-year life of the loan.

At the time, Kane said that without the money, the project would end up like a typical strip mall. The city eventually rejected Kane's request, however.

Future projects for North Hills East include The Cardinal, a retirement community scheduled to open in 2010, and the Hyatt Summerfield Suites at North Hill, an all-suite hotel expected to be completed the same year.

In addition to the building projects, Kane Realty has partnered with Root Elementary Magnet School to provide a satellite campus. The corporation will provide acres of undeveloped land so the school can begin renovations on its 50-year-old facility during upcoming school year.


This story is closed for comments.

Oldest First
View all
  • teach4er Aug 14, 2008

    I've never had a bad steak at Ruth's Chris.

    Is the school going to be situated beside all that construction? If so, how will the students concentrate with all of that noise next door?

    I'm so glad they tore down (offensive word deleted) old North Hills Mall. The new facility is so much nicer. I'm wondering how a 17 story building will look amongst all the other smaller buildings around there.

  • bama211 Aug 14, 2008

    They're one of just a few publicly-traded resturuants on the NYSE, which helps to raise capital to stay in business. But, I'd rather have the price of my fries and cheese sticks dictated by cost of goods, not a price-to-earnings ratio...

  • Deacons Aug 14, 2008

    bama211 I guess people think it is impressive to say they ate there... I am amazed they stay in business.

  • bama211 Aug 14, 2008

    Deacons: I agree. Ruth Chris is over-hyped and way over priced. It's just another "corporate" restuarant, if you ask me.

  • Deacons Aug 14, 2008

    Well, Ruth's Chris is the most OVER RATED restaurant in the world. The salads are not good nor are the appetizers and the deserts look good but have no real flavor. The steaks are ok but way over priced. Go to Bonefish for a caesar salad, a bang bang shrimp appetizer and a filet mignon. EXCELLENT. I went to Ruth Chris one time when my company paid for everything so we tried a lot of their food and it was NOT good, period.

  • bama211 Aug 14, 2008

    Trianglemommy: I heard some contamination was from a dry cleaners as well, but mostly petro products. As gas stations age "and marinas", their underground fuel line couplings are beginning to fail, which causes the leaks. The tanks themselves are pretty well built to withstand about 50 years of service, but all the connectors are old and leak. In my business, the first thing I do when going into a new project is to locate all gas stations around the site. But, earthleeching usually reduces the effects quite a bit, but still, not a pretty thing to deal with, at all. Glad it's been fixed!

  • foetine Aug 14, 2008

    To correct other lies, property taxes did not pay for the convention center, the hotel and meal taxes did. So no, you didn't pay for it, and you won't pay for it.

    We do pay for it when we go out to eat. We have to pay extra for our Sonic breakfast. And if for some reason we want to have a romantic hotel weekend with the spouse - we're paying for it. We do pay for the Convention Center. And when it doesn't make ends meet, we'll be paying even more for it. But soon we'll have PE teachers all over this downtown!!!

  • DaleShadow Aug 14, 2008

    As a resident of North Hills for the last 8 years, I have seen this area grow, as well as my taxes. Not sure which is growing faster.

    I live near the Tennis Club, and so far, the neighborhood seems unchanged (a few new large homes, but that is OK -- they kept most of the trees).

    My major concern is traffic. Six Forks road is still a nightmare for traffic, and those "skinny" lanes are dangerous.

    And the traffic light timing is such that my taxes go up waiting for the light to change. I hate to see the road widened into a superdup roadway, but safety may require it.

  • TriangleMommy Aug 14, 2008

    Bama - I heard the ground water was contaminated by the solutions from the dry cleaners. (Still doesn't put my mind at ease -- as someone who grew up just 2 blocks from said dry cleaners, and mall)

  • bama211 Aug 14, 2008

    ncwebguy: North Hills had to be torn down, thanks to the thousands of gallons of fuel that had leaked from the underground storage tanks at the Exxon gas station on the high corner. The fuel had seeped it's way under the old mall and was threatening the ground water supply. It had to come down, or be condemned. I'm glad someone took on the site, cleared the environmental hazzards of the old soil, and is restoring/enhancing the value of the area. Far better then a decaying vacant mall. Rocky Mount dealt with this too, after Floyd took out the mall. It sat for years completely empty. Served as an eyesore, and some say helped to contribute to the economic reversal it's dealing with today. Rocky Mount was heading in the wrong direction, but things are starting to stabilize, thanks to some rejuvenation efforts by developers. If you build it....they will come.